Rent Guarantee for Landlords
Add Rent Guarantee to your Landlord Legal Expenses policy for only £25 per property
Our Landlord Legal Expenses policy will cover the legal costs of pursuing a tenant for unpaid rent.
However, we are able to extend this policy to provide you with "rent guarantee". In the event of a tenant defaulting on their payments, this extension will actually pay you the monthly rent whilst your solicitors are obtaining payment from the tenant. This means you will not be out of pocket during this difficult process*.
Rent Guarantee cover is only available at £50 per property when purchased in conjunction with your let home insurance which is arranged via Alan Boswell Group.
The cover can be purchased standalone for £75 per property.
Main features include:-
- Max cover £25,000
- Up to 12 months cover
- 1st months excluded from date of first default
- Tenant Reference to be in place
- No cover for Commercial or unoccupied properties
Tenant referencing must cover:-
- A credit check showing no County Court Judgements;
- Copies of two forms of identification, one of which must contain a photograph;
- Proof of ability to pay the rent.
*Rent Guarantee is an extension to Landlord Legal Expenses and cannot be purchased on its own.